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Industry and Business Data

Industry Summary

(Extracted from the Massachusetts 2015 Workforce and Labor Area Review)

In 2015 the Massachusetts economy continued to show strength in job growth, declining unemployment and growth in the value of goods and services. Recent statewide trends indicate strength for the industries that drive job growth and productivity along with some slower growth for others. The Real Estate, Rental and Leasing; Professional, Scientific and Technical Services; Manufacturing; Health Care and Social Assistance; and Finance and Insurance industries account for over half of the Commonwealth’s Gross Domestic Product. Health Care and Social Assistance; Construction; Accommodation and Food Services; and Administrative and Support Services are the key drivers of job growth from June 2015 to June 2016 with Construction posting the highest over the year rate of growth.

Each industry has a unique distribution of jobs and skills by occupational groups reflecting the mix of industries and their products and services. There are notable differences in jobs by occupational group in Professional, Scientific and Technical Services and Manufacturing industries but each has large shares of jobs in Management; Architecture and Engineering; and Office and Administrative Support occupations. Annual projected demand for jobs by occupational group shows openings due to growth in the occupations and the largest shares of openings due to replacement as workers retire or leave jobs for other reasons. Statewide and in several workforce areas HWOL current job postings relative to the estimated numbers of unemployed residents indicate tightness in openings as fewer residents are unemployed.

The Healthcare and Social Assistance industry is vital to the Hampden County economy. Almost 30 percent of all jobs in the area fall into this category. Not only is this the highest share of jobs in Healthcare statewide, but it is also the largest concentration of jobs in any one particular industry. The Social Assistance subsector is the largest contributor to Hampden County’s Healthcare industry. It’s comprised of Child Day Care Services, Vocational Rehabilitation Services, Emergency and other Relief Services, and followed by Ambulatory Health Care Services; Hospitals and Nursing; and Residential Care Facilities.

Top Employers in Hampden County

Business West & Healthcare News; National Career Educational Statistics

Industry Occupational Demand Trends

Data extracted 4-21-2017 HWOL